Business Monitor International


Singapore Shipping Report

Published 04 June 2014

  • 116 pages
 
$1,295.00
Singapore Shipping Report

BMI View: Our outlook for the port of Singapore for 201 4 is that it will not overtake the port of Shanghai for the crown of the world's largest container port. We now see such a scenario as unlikely to fall out, and we believe that Shanghai will increase its lead over Singapore, not only this year but over our medium-term forecast period to 201 8 .

Nevertheless, growth in Singapore will remain positive, buoyed by a return to growth (albeit tentative and uneven) in Europe, and the ongoing recovery in the US. Since our last report we have significantly upgraded our tonnage handling forecast for the port, on the back of Q1 data, doubling from 3.2% to the current 7.5% projection.

Headline Industry Data

  • Port of Singapore's gross tonnage will grow by 7.2% in 2014 and will expand an average 5.4% over our medium-term forecast period to 2018.

  • Port of Singapore box handling set to grow by 3.5% in 2014, with average annual growth set at 3.0% per annum over the medium term.

  • The country's overall trade will grow by 3.4% in real terms in 2014 and will average 4.1% to 2018.

Key Industry Trends

Beefing Up To Meet LNG Hub Ambitions

Singapore is racing to establish itself as the region's gas trading hub as gas demand, particularly in liquefied natural gas (LNG), grows. The city-state possesses advantages in several areas that position it well for such a role, despite growing competition from Malaysia. Singapore's key role as a shipping hub positions it well.

Container Port Registers 7.2% Rise In Box Volumes

Singapore's container port registered a 7.2% year-on-year (y-o-y) increase in box volumes to 2.83mn twenty-foot equivalent units (TEUs) in March, compared with 2.64mn TEUs in the same month in 2013. The port posted a rise of 17.4% month-on-month (m-o-m) in box volumes in March, compared with throughput of 2.41mn TEUs recorded in February.

MPA, PSA Sign MoU

A memorandum of understanding (MoU) has been signed between the Maritime and Port Authority of...

Table of Contents

BMI Industry View
7
SWOT
9
Shipping
9
Business Environment
10
Economic Risk
11
Political Risk
12
Industry Forecast
13
Port Of Singapore Throughput Outlook
13
Table: Major Port Data, 2010-2017
17
Table: Trade Overview, 2010-2017
17
Table: Key Trade Indicators, 2010-2017
18
Table: Main Import Partners (US$mn)
19
Table: Main Export Partners (US$mn)
19
Market Overview
20
Singapore Container Shipping Market Overview
20
Industry Trends And Developments
25
Company Profile
27
Pacific International Lines (PIL) Q2 2013
27
Pacific Carriers Limited (PCL)
30
Global Industry Overview - Container Shipping
32
Demand: Global Box Outlook Brightening
32
Supply: Overcapacity To Remain As More Megas Saturate The Market
43
Table: Container Line Mega-Vessel Newbuild Plans
45
Rates: A Strong Start, But Rate Management Must Continue
48
Table: 2012 SCFI Europe Base Port Average Freight Rate Overview
52
Table: 2012 SCFI USWC Base Port Average Freight Rate Overview
52
Global Industry Overview - Dry Bulk Shipping
53
Demand: Stimulus Blip Playing Out, Bit For How Long-
53
Supply: Dry Bulk Fleet growth Slipping, But Overcapacity Still A Problem
58
Table: China Iron Ore Trade Partners Overview
64
Table: China Coal Trade Partners Overview
64
Global Industry Overview - Liquid Bulk Shipping
65
Improving Fundamentals In Dirty Tanker Market
65
Tonne-Mile Growth To Support Product Tanker Sector
68
LNG Boom To Stall In 2013
71
Global Company Strategy
74
Maersk Line
74
Mediterranean Shipping Company
83
CMA CGM
88
Evergreen Line
96
COSCO Container Lines Company
102
Hapag-Lloyd
109
Hanjin Shipping
115
APL
120
China Shipping Container Line (CSCL)
127
Mitsui OSK Lines
134
Macroeconomic Forecasts
139
Table: Singapore - Economic Activity
140
Demographic Forecast
141
Table: Singapore's Population By Age Group, 1990-2020 ('000)
142
Table: Singapore's Population By Age Group, 1990-2020 (% of total)
143
Table: Singapore's Key Population Ratios, 1990-2020
144
Table: Singapore's Rural And Urban Population, 1990-2020
144

The Singapore Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Singapore.

BMI's Singapore Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Singapore.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Singapore to test other views - a key input for successful budgeting and strategic business planning in the Singaporean shipping market.
  • Target business opportunities and risks in Singapore through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.

Coverage

Executive Summary

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2017 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

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